The Company is also pleased to provide an update in relation to the proposed merger between the Company and Finsure ("Finsure Transaction"), including the receipt of Financial Sector (Shareholdings) Act ("FSSA") approval from the Federal Treasurer, the anticipated transaction timetable and the remaining conditions precedent.

GOLDFIELDS MONEY TRADING UPDATE

Goldfields Money experienced continued growth during the 3 months ended 31 March 2018 with loan settlements for the period of ~$17 million (with 96 individual loans settled), with year to date loan settlements and volumes the highest on record. As at 31 March 2018 Goldfields Money's total loan book grew to ~$213 million (compared to ~$201 million as at 31 December 2017).

After accounting for one-off costs incurred in responding to the Firstmac takeover offer and progressing the Finsure Transaction, pleasingly Goldfields Money expects to report an underlying profit for the financial year ending 30 June 2018.

The charts below summarise the performance of Goldfields Money over the last five years(see link below).

FINSURE TRADING UPDATE

Finsure continued to grow from strength to strength during the 3 months ended 31 March 2018 with the total loan book at the end of the period growing to ~$31.8 billion, loan settlements during the period reaching ~$2.8 billion (with over ~6,600 individual loans settled), cash revenue of ~$107 million generated during the period and its broker network growing to more than 1,400 loan writers.

Finsure's total historical book size and total loan writer network numbers as at 31 March 2017 were the highest on record.

The charts below summarise the continued growth of Finsure over the last five years(see link below).

FINSURE TRANSACTION UPDATE - TRANSACTION TIMETABLE

As previously disclosed, a Notice of Meeting will be sent to Goldfields Money shareholders including an Explanatory Memorandum containing full details of the Finsure Transaction, together with a report from an independent expert as to whether in their opinion the Finsure Transaction is fair and reasonable to Goldfields Money shareholders.

All information the Board considers is required by Goldfields Money shareholders to allow them to make an informed decision in respect of the Finsure Transaction will be contained in the Notice of Meeting. The Board recommends that Goldfields Money shareholders read the Notice of Meeting and accompanying documents in full once received.

The Board remains confident of satisfying all remaining conditions precedent for completion of the Finsure Transaction. The table below shows the currently anticipated transaction timetable.

On 1 June 2018, FSSA approval was received from the Federal Treasurer in satisfaction of another condition of the Finsure Transaction. The approval is subject to the Company raising at least $20 million in Common Equity Tier 1 Capital, of which ~$4.7 million was raised in April 2018 from international and local institutional investors, and sophisticated investors by way of a placement of new fully paid ordinary shares.

The Company expects to raise at least ~$15.3 million in additional capital as part of the Finsure Transaction to ensure that the merged group maintains sufficient regulatory capital requirements and to fund additional lending growth.

Further to the Company's announcement of 15 January 2018, completion of the Finsure Transaction is subject to the satisfaction (or waiver, if applicable) of the remaining conditions:

All other conditions to allow completion of the Finsure Transaction have now been satisfied, with the remaining conditions considered largely procedural in nature with the exception of Goldfields Money shareholder approvals.

Goldfields Money and Finsure have agreed to extend the date by which the remaining conditions are to be satisfied or waived (where applicable) to 31 July 2018.

Goldfields Money and Finsure continue to work towards satisfaction of the remaining conditions of the Finsure Transaction and a further update will be provided as progress is made.

Goldfields Money (ASX:GMY) is Australia's new revolutionary digital bank, distributing first class products through a largely branchless distribution network. A bank without the bank. This digital banking platform is built on the recently implemented mobile first, world class core banking system provided by Temenos and our proprietary mortgage distribution software "Loankit".

Goldfields is ASX listed (ASX:GMY) with two key divisions:

Banking (operates under "Goldfields Money" and "Better Choice" brands) - an APRA regulated bank that offers deposit and loan products that are funded either on-balance sheet or off-balance sheet through a range of third party lenders. Our deposits are all guaranteed by the Australian Government Deposit Guarantee for up to $250,000 per customer. We are the new approach to banking in Australia, we're honest, with transparent bank practices and a straightforward approach to you and your money. It's all yours, honestly.

Mortgage Aggregation (operates under "Finsure" and "Loankit" brands) - an ASIC regulated mortgage aggregation and software technology platform with over 1,475 loan writers as of 31 August 2018. Finsure puts brokers first and is a leader in the market in offering a diverse lending panel, flexible commission models, training, lead generation, proprietary SaaS and mortgage broker support services. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.